Post Utme Pan Atlantic University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Receivable, ₦120,000; Accounts Payable, ₦90,000; Common Stock, ₦500,000; and Retained Earnings, ₦200,000. What is the total amount of assets?

Answer Options

A. ₦720,000
Correct Answer B. ₦820,000
C. ₦920,000
D. ₦1,020,000
Correct Answer
B
Correct Option:
₦820,000

About This Question

This is Post Utme Pan Atlantic University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Accounting examination.

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